Corporate governance
You'll learn what corporate governance is and why it matters for organisations. This lesson explores how senior leaders direct and control companies, introduces the agency problem that arises when owners and managers are different people, and explains the distinction between leadership and management.
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In this lesson
- 0:00 Corporate governance and the agency problem
- 0:40 Understanding the agency problem in practice
- 1:47 Agency problem in smaller organisations
- 2:59 Ethical values in corporate governance
- 3:24 Leadership versus management distinction
- 4:33 How managers can demonstrate leadership qualities
About this lesson
You'll discover why corporate governance is particularly important in large listed companies where shareholders have no direct involvement in day-to-day operations, and understand the ethical values—honesty, fairness, responsibility, respect—that underpin effective governance. By the end, you'll grasp how leaders inspire and influence while managers plan, organise, and control, and why the best managers often demonstrate leadership qualities too.
Duration: 5m
Transcript
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